Power utility PPC will be able to offer up to 30 percent of overall electricity quantities supplied to customers through bilateral contracts in 2023, up from 20 percent in 2022, according to a decision reached by RAE, the Regulatory Authority for Energy.

RAE, prior to relaxing this limit imposed on PPC, had asked the Energy Hellenic Exchange for an updated study on the prospect of a rate increase for PPC and the impact this move would have.

The Energy Hellenic Exchange commissioned Ecco International, a global energy consulting and software company, to conduct the study, which decided that a cap of between 20 and 30 percent on PPC would be appropriate.

This decision takes into account RES limitations and wholesale market irregularities that fail to produce clearing prices that accurately reflect short-term generation costs.